iShares Long-Term National Muni Bond ETF
LMUB
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 50 Hudson Yards New York NY United States of America 10001
- IPO Date
- Mar 20, 2025
- Website
- ishares.com
- Similar Companies
- Business
- iShares Long-Term National Muni Bond ETF (LMUB) is an exchange-traded fund that seeks to track the investment results of the ICE AMT-Free US Long National Municipal Index, which comprises investment-grade U.S. municipal bonds with remaining maturities of 12 years or more; the fund invests at least 80% of its assets in component securities of the index or fixed-income securities of types included therein that BlackRock Fund Advisors believes will help track the index performance using a representative sampling technique. LMUB holds approximately 183 investment-grade municipal bonds, primarily from issuers such as New York City Transitional Finance Authority, Dormitory Authority of the State of New York, Triborough Bridge & Tunnel Authority, New Jersey Transportation Trust Fund Authority, and California State, with top 10 holdings accounting for about 11.60% of assets; it offers exposure to long-term, tax-exempt municipal bonds exempt from federal income taxes and not subject to the alternative minimum tax, targeting investors seeking federal tax-free income from diversified U.S. municipal debt across sectors like transportation, water, and state general obligations. Launched on March 17, 2025, by iShares Trust under BlackRock, Inc., and listed on NYSE Arca with ticker LMUB and CUSIP 46438G448, the ETF manages net assets of approximately $21.9 million as of June 30, 2025, with a management fee of 0.09%, a 30-day SEC yield of 3.87%, weighted average maturity of 12.65 years, and effective duration of 11.12 years. The fund operates in the U.S. fixed income market, focusing on national municipal bonds rated at least BBB- by S&P/Fitch or Baa3 by Moody's, with geographic exposure reflecting issuers from states including New York, New Jersey, California, Massachusetts, and Texas. As a recent launch by BlackRock, Inc.--the world's largest asset manager founded in 1988 and headquartered in New York City--LMUB represents a strategic expansion of iShares' municipal bond ETF lineup to provide low-cost access to long-term national muni bonds amid growing demand for tax-efficient fixed income products; no major acquisitions, partnerships, funding rounds, or operational changes have been reported for the fund since its inception earlier in 2025.